FBS Global Limited (NASDAQ:FBGL – Get Free Report) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 28,469 shares, a decrease of 51.1% from the September 15th total of 58,237 shares. Currently, 2.1% of the company’s shares are short sold. Based on an average trading volume of 921,143 shares, the days-to-cover ratio is currently 0.0 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings downgraded FBS Global from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, September 28th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, FBS Global presently has a consensus rating of “Sell”.
Read Our Latest Analysis on FBS Global
Institutional Investors Weigh In On FBS Global
An institutional investor recently raised its position in FBS Global stock. Renaissance Technologies LLC raised its position in shares of FBS Global Limited (NASDAQ:FBGL – Free Report) by 15.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,492 shares of the company’s stock after acquiring an additional 19,647 shares during the period. Renaissance Technologies LLC owned approximately 1.07% of FBS Global worth $86,000 at the end of the most recent quarter.
FBS Global Stock Performance
FBGL stock traded down $0.07 during trading hours on Friday, reaching $2.60. The stock had a trading volume of 11,111 shares, compared to its average volume of 151,193. The stock has a 50-day simple moving average of $3.87 and a 200 day simple moving average of $5.08. FBS Global has a fifty-two week low of $2.20 and a fifty-two week high of $14.00.
About FBS Global
FBS Global Limited is a Singapore-based food and beverage company that operates through subsidiaries serving the local dining and catering market. The company’s activities include restaurant operations and the provision of food and beverage services.
Its business is focused on preparing and selling food and beverages to consumers, as well as providing related catering services. The company’s operations are primarily associated with Singapore.
FBS Global Limited is incorporated as a holding company, with its operating activities conducted through subsidiaries.
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